NOT LISTED FOR SALE

348 N Rumson Ave Margate City, NJ 08402

Estimated Value: $2,318,423 - $3,509,000

6 Beds
4.5 Baths
-- Sq Ft
6,011 Sq Ft Lot

Last Sold December 22, 2017

Last sale price $1,650,000

Est. 87% increase in value since last sale

Current estimated payment $18,116/month

22 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Home fronts a lagoon or estuary
  • Living Room with Fireplace
  • William H. Ross III Intermediate School Rated A-
  • Deck
  • Wood Flooring

About This Home

As of December 2017

BAYFRONT LIVING AT IT'S FINEST! Featuring six bedrooms, four and a half baths, all approvals for an IN-GROUND POOL, an EXPANSIVE grandfathered in BAYFRONT DECK, and the most breathtaking sunset and BAYVIEWS! Just eleven years young and recently renovated to boast the finest of amenities! First floor boasts an incredible open layout to take in the gorgeous bayviews from almost every room-even the kitchen! Beautiful bayfront living room is complete with gas fireplace followed by both the formal and informal dining areas to bask in bayviews during every meal! Exquisite kitchen with center island, custom cabinetry, stunning granite counters, high-end appliances, wine cooler, pantry, and more! First floor bedroom/den with adjacent full bath and additional powder room makes this the perfect home for entertaining guests. Dream master-suite overlooking the bay with ample closet space, a private office, and it's own full master bath! A boater's paradise complete with a NEW bulkhead, Trex decks, TWO boat slips plus JET-SKI slips (room for up to a 40FT BOAT!), IDEAL LOCATION on the canal, outdoor shower, fenced lawn area, and approved for a POOL! Endless amenities include surround system, security system with cameras, sprinkler system, and more! Oversized 60x100 lot in the prestigious Parkway section, walk to the beach and to the Marina District featuring Margate's finest dining and nightlife! Don't wait...call today!

Last Agent to Sell the Property

Paula Hartman

BHHS FOX and ROACH-Margate Listed on: 10/19/2017

BHHS FOX and ROACH-Margate

Co-Listed By

Dana Hartman

BHHS FOX and ROACH-Margate II

Last Buyer's Agent

Brian Hiltner

BHHS FOX and ROACH-Margate II

BHHS FOX and ROACH-Margate II

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,550

Lot Details

  • Lot Dimensions are 60x100
  • Home fronts a lagoon or estuary
  • Property Fronts a Bay or Harbor
  • Fenced
  • Sprinkler System

Parking

  • 3 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Storage
  • Water Views

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Deck
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,550

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Lvt Date: 10/19/2017
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Gas Log, Living Room
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Carbon Monoxide Detector, Kitchen Center Island, Security System, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Other Rooms: Den/Tv Room, Dining Area, Dining Room, Laundry/Utility Room

Exterior Features

  • Outside Features: Curbs, Deck, Fenced Yard, Outside Shower, Paved Road, Porch, Sidewalks, Sprinkler System
  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Central, Multi-Zoned
  • Heating: Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Bay Front, Bulkheaded, Docks, Lagoon Front, Water View
  • Lot Dimensions: 60x100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2024
Sold by
Abel Ronald and Abel Tina D
Bought by
Abel Ronald and Abel Tina D
Current Estimated Value
$3,080,141

Purchase Details

Listed on
Oct 19, 2017
Closed on
Dec 22, 2017
Sold by
Krik Bernard and Krik Mariam
Bought by
Abel Ronald and Abel Tina D
Seller's Agent
Paula Hartman
BHHS FOX and ROACH-Margate
Buyer's Agent
Brian Hiltner
BHHS FOX and ROACH-Margate II
List Price
$1,650,000
Sold Price
$1,650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.43%

Purchase Details

Closed on
Mar 1, 2006
Sold by
Bennett Ronald
Bought by
Krik Bernard and Krik Mirian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.27%

Purchase Details

Closed on
Oct 7, 1998
Sold by
Bennett Ronald and Bennett Patricia
Bought by
Bennett Ronald and Bennett Patricia
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Abel Ronald -- None Listed On Document
Abel Ronald $1,650,000 Old Republic Natl Title Ins
Krik Bernard $1,440,000 --
Bennett Ronald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abel Ronald $1,248,000
Previous Owner Krik Bernard $800,000
Previous Owner Bennett Ronald $100,000
Previous Owner Bennett Ronald $50,000
Previous Owner Bennett Ronald $300,000
Previous Owner Bennett Ronald $300,250
Previous Owner Bennett Ronald $100,000
Previous Owner Bennett Ronald $240,000
Previous Owner Bennett Ronald $120,000
Previous Owner Bennett Ronald $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2017 12/22/17 Sold $1,650,000 0.0% --
11/10/2017 11/10/17 Pending -- -- --
10/19/2017 10/19/17 For Sale $1,650,000 -- --
Source: South Jersey Shore Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,550 $1,027,500 $688,800 $338,700
2024 $17,550 $1,027,500 $688,800 $338,700
2023 $16,214 $1,027,500 $688,800 $338,700
2022 $16,214 $1,027,500 $688,800 $338,700
2021 $15,832 $1,017,500 $688,800 $328,700
2020 $15,751 $1,017,500 $688,800 $328,700
2019 $15,690 $1,017,500 $688,800 $328,700
2018 $15,904 $1,017,500 $688,800 $328,700
2017 $15,924 $1,017,500 $688,800 $328,700
2016 $15,385 $1,017,500 $688,800 $328,700
2015 $15,140 $1,017,500 $688,800 $328,700
2014 $14,856 $1,017,500 $688,800 $328,700
Source: Public Records

Agents Affiliated with this Home

  • Paula Hartman

    Seller's Agent in 2017

    Paula Hartman

    BHHS Fox & Roach

    (609) 487-7234

    255 in this area

    760 Total Sales

    Paula Hartman
    Section Image
  • Dana Hartman

    Seller Co-Listing Agent in 2017

    Dana Hartman

    BHHS FOX and ROACH-Margate II

    (609) 287-6201

    105 in this area

    202 Total Sales

    Dana Hartman
    Section Image
  • Brian Hiltner

    Buyer's Agent in 2017

    Brian Hiltner

    BHHS FOX and ROACH-Margate II

    (609) 703-4789

    95 in this area

    146 Total Sales

    Brian Hiltner
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 495830

South Jersey Shore Regional MLS

APN: 16-00619-0000-00012

New Jersey Atlantic County Margate City 08402

348 N Rumson Ave, Margate City, NJ

This home is located at 348 N Rumson Ave, Margate City, NJ 08402 since 19 October 2017 and is currently estimated at $3,080,141. 348 N Rumson Ave is a home located in Atlantic County with nearby schools including William H. Ross III Intermediate School, Eugene A. Tighe Middle School, and Blessed Sacrament Regional School.

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